Malawi Finance Minister Ken Lipenga said on Friday that he has no intention of resigning to pave way for public purse looting at Capital Hill.

The call for resignation was sounded by opposition Malawi Congress Party (MCP) president Lazarous Chakwera on Thursday.

Chakwera called for the resignation of Lipenga, Secretary to Treasury Radson Mwadiwa and Chief Secretary to Office of President and Cabinet, Hawa Ndilowe following the looting of public funds at the Capital Hill in Lilongwe by civil servants

But Lipenga has insisted that he will not resign, arguing that all alleged financial maladministration is being investigated “without hindrance.”

Lipenga: I will not resign

“I, therefore, don’t understand the basis for calling for officials to resign when the due process of the law is under way,” said Lipenga as quoted by The Nation.

“We should give investigations a chance instead of prejudicing them,” he added.

Lipenga has differed with the school of thought that suggests that “a sitting minister would affect such investigations.”

Lipenga also served as Finance Minister during the oppressive Bingu wa Mutharika regime when the country experienced the greatest fraud through which Malawi Revenue Authority (MRA) borrowed money from commercial banks with the sole aim of cheating that the zero-deficit budget was not a flop.

After change of government, Lipenga admitted that DPP government operated like a Mafia syndicate in 19th century Sicily and it ran on lies and fabrications. And that the greatest lie of them all is borrowing money from commercial banks to cover up and create an impression that MRA was collecting enough to match expenditure targets as projected in the 2011 budget.

Lipenga however claimed he did not know about the whole scheme but he was defending something he did not have full facts about.